Dutch Bros (NYSE:BROS) Price Target Raised to $35.00

Dutch Bros (NYSE:BROS) had its target price boosted by Barclays from $30.00 to $35.00 in a research note issued to investors on Wednesday morning, Benzinga reports. The brokerage currently has an equal weight rating on the stock.

Several other analysts have also recently issued reports on BROS. Wedbush increased their target price on shares of Dutch Bros from $37.00 to $39.00 and gave the stock an outperform rating in a research note on Wednesday. TD Cowen restated a hold rating and set a $33.00 price objective on shares of Dutch Bros in a research report on Friday, April 26th. JPMorgan Chase & Co. raised their price objective on shares of Dutch Bros from $34.00 to $40.00 and gave the company an overweight rating in a research report on Tuesday, March 19th. Stifel Nicolaus restated a buy rating and set a $40.00 price objective on shares of Dutch Bros in a research report on Wednesday, April 3rd. Finally, Guggenheim restated a neutral rating and set a $30.00 price objective on shares of Dutch Bros in a research report on Friday, April 5th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of Moderate Buy and an average target price of $35.22.

Dutch Bros Stock Performance

BROS traded up $0.98 on Wednesday, hitting $32.75. The company’s stock had a trading volume of 3,659,294 shares, compared to its average volume of 2,077,278. The company’s 50 day simple moving average is $31.28 and its 200-day simple moving average is $29.18. The firm has a market cap of $5.80 billion, a P/E ratio of 1,086.00, a price-to-earnings-growth ratio of 4.33 and a beta of 2.43. Dutch Bros has a 12 month low of $22.67 and a 12 month high of $36.17. The company has a quick ratio of 1.15, a current ratio of 1.49 and a debt-to-equity ratio of 0.68.

Dutch Bros (NYSE:BROS) last released its quarterly earnings data on Wednesday, February 21st. The company reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.04) by $0.03. Dutch Bros had a net margin of 0.18% and a negative return on equity of 0.54%. The company had revenue of $254.12 million during the quarter, compared to the consensus estimate of $254.80 million. Analysts forecast that Dutch Bros will post 0.25 EPS for the current year.

Insiders Place Their Bets

In other Dutch Bros news, COO Brian Maxwell sold 1,474 shares of the firm’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $35.00, for a total value of $51,590.00. Following the sale, the chief operating officer now owns 1,039,646 shares of the company’s stock, valued at approximately $36,387,610. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Dutch Bros news, COO Brian Maxwell sold 1,474 shares of the firm’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $35.00, for a total value of $51,590.00. Following the sale, the chief operating officer now owns 1,039,646 shares of the company’s stock, valued at approximately $36,387,610. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Tsg7 A. Management Llc sold 8,000,000 shares of the firm’s stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $33.88, for a total transaction of $271,040,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 17,907,188 shares of company stock valued at $561,438,392 in the last quarter. Insiders own 46.50% of the company’s stock.

Institutional Investors Weigh In On Dutch Bros

Large investors have recently modified their holdings of the stock. FMR LLC boosted its stake in Dutch Bros by 42.9% during the third quarter. FMR LLC now owns 8,581,751 shares of the company’s stock worth $199,526,000 after acquiring an additional 2,578,145 shares in the last quarter. Vanguard Group Inc. boosted its stake in Dutch Bros by 2.9% during the fourth quarter. Vanguard Group Inc. now owns 4,750,468 shares of the company’s stock worth $150,447,000 after acquiring an additional 135,918 shares in the last quarter. Wasatch Advisors LP bought a new stake in Dutch Bros during the first quarter worth about $41,988,000. American Century Companies Inc. boosted its stake in Dutch Bros by 191.7% during the third quarter. American Century Companies Inc. now owns 1,177,148 shares of the company’s stock worth $27,369,000 after acquiring an additional 773,616 shares in the last quarter. Finally, Lord Abbett & CO. LLC bought a new stake in Dutch Bros during the first quarter worth about $23,137,000. Institutional investors own 85.54% of the company’s stock.

About Dutch Bros

Dutch Bros Inc, together with its subsidiaries, operates and franchises drive-thru shops in the United States. The company operates through Company-Operated Shops and Franchising and Other segments. It serves through company-operated shops and online channels under Dutch Bros; Dutch Bros Coffee; Dutch Bros Rebel; Dutch Bros; and Blue Rebel brands.